Marubeni Corp. (OTCMKTS:MARUY) Short Interest Down 79.9% in May

Marubeni Corp. (OTCMKTS:MARUY) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,847 shares, a drop of 79.9% from the April 30th total of 9,202 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 32,174 shares, the short-interest ratio is currently 0.1 days.

Marubeni Stock Performance

MARUY stock traded down $13.94 during midday trading on Friday, reaching $317.00. The stock had a trading volume of 18,840 shares, compared to its average volume of 17,333. The firm has a fifty day simple moving average of $360.64 and a two-hundred day simple moving average of $329.82. The stock has a market cap of $52.19 billion, a PE ratio of 14.39, a P/E/G ratio of 1.77 and a beta of 0.58. Marubeni has a 52-week low of $190.00 and a 52-week high of $426.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.37.

Marubeni (OTCMKTS:MARUY) last released its earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). Marubeni had a return on equity of 13.11% and a net margin of 6.60%.The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $14.83 billion. As a group, equities research analysts anticipate that Marubeni will post 24.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MARUY. Zacks Research upgraded Marubeni from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group lowered Marubeni from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Marubeni Company Profile

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.